Retirement Planning – How Early is Early?
People often procrastinate when it comes to things they cannot envision in the distant future. That is why retirement planning usually sits at the bottom of the priority list for most young working individuals — it feels too far away.
During the early working years, there are other financial goals like buying a house, car, or getting married. In their 30s and 40s, people focus on home loan repayments and children’s education. By the time they reach their 50s, many realise that their PPF and EPF savings alone won’t be enough — and time is no longer on their side to build a substantial retirement corpus.
Building a retirement corpus is not easy. Longer life expectancy, inflation, and rising medical expenses all reduce the value of savings over time. There’s a real risk of outliving one’s corpus — which makes it essential to start saving and investing early to harness the power of compounding.
Tip: The earlier you start investing for retirement, the more time your money gets to grow exponentially through compounding returns.
At NKFS FinVision, we follow a goal-based investing approach that brings clarity and structure to your retirement plan. We guide clients on:
- Setting the right target corpus for retirement
- Choosing a suitable asset allocation between equity and debt
- Crafting an investment strategy aligned with income, age, and lifestyle
- Periodic review to ensure your goals stay on track
We don’t stop at helping clients plan for retirement — we also assist them in managing their wealth post-retirement. The challenge lies in deploying accumulated funds wisely to ensure a consistent income stream that sustains a comfortable lifestyle in the golden years.
Our mission at NKFS FinVision: To help you live your retirement years with financial security, independence, and peace of mind — without compromising your lifestyle.